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Today's paper says Disability Funding is running low and ....
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<blockquote data-quote="witzend" data-source="post: 454820" data-attributes="member: 99"><p>This is the very reason that I AM a political activist. The government is not going to take care of us now that we let them get away with stealing from the poorest of the poor for the past 30 years. As a payroll specialist I can tell you that this IS going to happen in some way. There is a cap on the contributions to Social Security Once you make more than $106,000 you pay a lower rate on that income above $106k. And that the "tax relief" we got last year was that they started taking the employee's SS tax out at half the rate they have, and only the employer pays the full portion. That wasn't "tax relief" that was stealing from your pension. The employer is not going to stand for that forever they have a MUCH bigger lobby than you and I do. And they're talking about extending the break to employees which was only to have lasted for a year. The employers are BOUND to cry "foul" for getting left out of that!</p><p></p><p>Social Security and Medicare are for the most part self-funded. It made a heck of a lot of sense to limit the tax to medicare to your first $200,000 in 1954 when it was created. Who thought that so many people would be earning more than $200,000 a year? They've NEVER raised it. Who thought that they'd add prescriptions to it and NOT FUND THEM? </p><p></p><p>They need to raise the cap on these programs. They already robbed these programs for a year by asking people only to contribute half of their previous contribution. If they didn't have caps on the taxes on wages MOST employers - who DON'T have employees making over $200k a year - won't see any difference. In fact, they could lower the tax for employers AND employees and get rid of the caps and make both programs solvent. Instead they want to call the sick and the poor "Socialists" and "lazy". Well, let me tell you, this is absolutely what our next set of elected officials plan to do to us. They won't do it before 2012 but it hangs in the balance after that. There will be the "well, I had no idea it was so bad when I was running for office". BS. It's that bad. And it's that easy to fix. If these things matter to you (not singling anyone out here, this is for everyone I know) you need to find out who your candidates are, and more importantly you need to tell them who YOU are and what matters to you. Because I guarantee you we are on our way to being the next poverty class and they won't bat an eyelash as they do it to us.</p></blockquote><p></p>
[QUOTE="witzend, post: 454820, member: 99"] This is the very reason that I AM a political activist. The government is not going to take care of us now that we let them get away with stealing from the poorest of the poor for the past 30 years. As a payroll specialist I can tell you that this IS going to happen in some way. There is a cap on the contributions to Social Security Once you make more than $106,000 you pay a lower rate on that income above $106k. And that the "tax relief" we got last year was that they started taking the employee's SS tax out at half the rate they have, and only the employer pays the full portion. That wasn't "tax relief" that was stealing from your pension. The employer is not going to stand for that forever they have a MUCH bigger lobby than you and I do. And they're talking about extending the break to employees which was only to have lasted for a year. The employers are BOUND to cry "foul" for getting left out of that! Social Security and Medicare are for the most part self-funded. It made a heck of a lot of sense to limit the tax to medicare to your first $200,000 in 1954 when it was created. Who thought that so many people would be earning more than $200,000 a year? They've NEVER raised it. Who thought that they'd add prescriptions to it and NOT FUND THEM? They need to raise the cap on these programs. They already robbed these programs for a year by asking people only to contribute half of their previous contribution. If they didn't have caps on the taxes on wages MOST employers - who DON'T have employees making over $200k a year - won't see any difference. In fact, they could lower the tax for employers AND employees and get rid of the caps and make both programs solvent. Instead they want to call the sick and the poor "Socialists" and "lazy". Well, let me tell you, this is absolutely what our next set of elected officials plan to do to us. They won't do it before 2012 but it hangs in the balance after that. There will be the "well, I had no idea it was so bad when I was running for office". BS. It's that bad. And it's that easy to fix. If these things matter to you (not singling anyone out here, this is for everyone I know) you need to find out who your candidates are, and more importantly you need to tell them who YOU are and what matters to you. Because I guarantee you we are on our way to being the next poverty class and they won't bat an eyelash as they do it to us. [/QUOTE]
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Today's paper says Disability Funding is running low and ....
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